Hello and welcome, today we are going to take a look at where the top 1% of the world's population keep their wealth. So without wasting much of your time let just get started.
Jeff Bezos makes approximately $2,489 every single second. That's more than double what the average American worker makes in an entire week. The share volume of money flowing into billionaires bank account is astronomical. The reality is unless these billionaires operate tactically, their wealth will loss value as inflation grows over time. Hence, the world's richest people diversify their wealth among stocks, real estate and business ventures.
So these super business individuals are incomprehensible wealthy, but the more money to their name, the trickier it gets to store. Bank accounts are typically endured up to $250,000 against major bank failures which causes a great deal of concern forcing the affluent into a pivotal strategy for protecting, maintaining and growing their wealth. It can all be summed up in one word, "Diversification".
For billionaires, cash makes an insignificant slip of the total of the wealth and there is almost zero reliance on retirement pension. Once you pass that million dollar income threshold, new factors come into play. Stocks, real estate portfolio and business ventures start to take over as the main allocations of personal wealth.
So as you can see, billionaires do not and can not keep their money in one place. They are certainly no savings account out there that holds upwards of a billion dollars. Even if the banks allowed it, the clients will be facing enormous inflation risk and unless they put their cash into work through investment. Let me know your thoughts in the comments section below and also make sure to like this article. Thank you, goodbye.
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